Classic Trendline Breakout Setup in Paras Defence

PARAS

📈 Pattern & Setup:

Stock is coming out of a falling trendline resistance around 740–750 after a few months of correction.

Strong support base at 680.

Breakout candle forming with higher volumes → early sign of strength.

Once 750 breaks, momentum can accelerate toward 970 with a low-risk, high-reward profile.

✍ Entry: Aggressive at 705–710, safer above 750.

🚩Stop-Loss: 680 (tight) or 660 (conservative).

🎯 Targets: 820, 900, 970.

💡 Pyramiding:

1. First lot at 710.

2. Add above 750, trail SL to 700.
3. Add above 820, trail SL to 750.
Ride till 900–970.